Browsing: RERA Recovery Certificates

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Home buyers’ satisfaction index still low after 7 years of RERA: Survey

As RERA (Real Estate Regulatory Authority) is close to its 7 years of completion, the home buyers across the nation have more to complain than compliment with what was supposed to be a game changer legislation. The buyers rather question as to RERA has been enacted to serve whose purpose. Most of the home buyers across India’s top 10 cities point out that the ground realities have not changed for them. A vast majority of them feel it has opened another window of litigation and thus hurts than helps the buyers. Issues range from lack of transparency to accountability, and existing market realities to consumer interface.

Consumer Connect RERA, Real Estate Regulatory Authority, RERA Satisfaction Index, RERA Toothless Body, RERA & Home Buyers, RERA Recovery Certificates, RERA Execution Orders, Advocate Nirmit Srivastav

RERA Satisfaction Index pretty low across India

The home buyers have for long alleged that the RERA has failed to provide them substantial relief in the wake of project delay or defaults. Now the Allahabad High Court has also taken cognizance of the issue and has not only questioned reasons of non-execution but also asked for the roadmap as to how RERA Recovery Certificates would be executed.